Binance's Spot DCA : A Trader's Companion

Hello friends, how are you all and wish you everyone a happy Bull run with crypto. We all know that BTC is on rise and its trying to surpass its all-time high, which is $69000.

In this post I am here to discuss one of the another feature of #binance, which is spot DCA.

This strategy especially for the traders who want to trade or who don't have time to make their trades or they dont know how to trade. This strategy will help them to do their trades with the help of Bot.

You only have to select the coin and give instruction about how to trade and what trench level to select. After that, the bot will start its DCA trading which will keep on buying in every layer according to the given instruction.

For example,

I have $1000 and I want to invest all of my money. So what to do is I will invest $5 at the first layer and double of my first investment in the second layer.

I will give an instruction to invest double of my first layer and similarly keep on doubling my investment. With the range of 10 to 15% I will invest all of my money.

And once a market takes a recovery, then with the range of 1 to 2% I will take a huge profit. This is how DCA sport work in binance.

This is very profitable for the traders who wants to do their trade with the help of bot. So I recommend you to check this this feature and Strategy, which will be very helpful to you guys.

What do you people think is in is investing better or trading better? Do you think that the dca spot will help you get some profits? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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Thank You!
Best Wishes.

Posted Using InLeo Alpha